This response comes up every time. I agree with you Joey - and I have been buying commercial truck fleet and business insurance in the100 - 200k premium range for over 20 years. It teaches you stuff when deductibles are in the 5 - 10 k range and a settlement can run to the millions. Insurance companies have target loss ratios. Ask for your four year loss ratio - it will tell you a lot and its your information. You have claim, they will recover that cost over a period of time. Mnay factors determine how the increase will be handled. For an individual, if your boat can be covered (and each policy has its limitations, exceptions and escape clauses that you need to read before you buy) under your house insurance you will be bettter off in the long run. Do the math. 5 years, no premiums. 1 claim. small increase to recoup claim over amortised period. You still have 5 years no premium. Or 10, as the case maybe. For most people this will pay for the deductible and increase. Also as an individual the single biggest source of savings, after checking the market for competitive pricing is bundling your policies with one company.